What Next - Will the Debt Ceiling Cave in This Time?
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 24 January 2023
⏱️ 24 minutes
🔗️ Recording | iTunes | RSS
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Summary
The U.S. has hit the debt ceiling—again And with Congress divided, it’s unclear when or how the government will get approved to borrow more.Why is this perennial fight coming back around now? And what happens—locally and to the world economy—if the U.S. Treasury defaults?Â
Guest: Jordan Weissmann, Washington editor for Semafor.
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Transcript
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| 0:00.0 | Have you ever been caught out by payments you've forgotten about? |
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| 0:15.8 | to avoid any surprises. |
| 0:17.8 | It's just one of our many useful tools that can help you stay on top of your money. |
| 0:22.4 | To find out more, go to Lloyd'sbank.com forward slash cost of living. |
| 0:27.0 | Lloyd's Bank, by your side. |
| 0:32.0 | Hey everyone, just a note at the top that we've got a couple of unbleaped curse words in this episode. |
| 0:37.0 | So you've been warned. |
| 0:42.0 | Jordan, if I could wave a magic wand and you would never have to hear the words debt ceiling again, |
| 0:49.0 | would you be interested in that? |
| 0:51.0 | Yeah, absolutely. |
| 0:53.0 | Jordan Weissman covers the economy over at Sommefort. |
| 0:58.0 | I mean, obviously there's risk. |
| 1:00.0 | This is some sort of monkey's paw situation where I get rid of the debt ceiling, |
| 1:04.0 | but then like I everyone around me has like a pig face or something, |
| 1:09.0 | and I'm the only one with that like some type twilight zone situation. |
| 1:12.0 | But yes, I would risk that to get rid of the debt ceiling at this point. |
| 1:16.0 | Absolutely. |
| 1:18.0 | I mean, it's funny that I just sense this weariness among anyone who has to bring it up. |
| 1:25.0 | All right, but we are going to begin with the debt ceiling that's showdown and Washington. |
| 1:29.0 | This is something that could have a major impact on your money and global markets. |
... |
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